« previous next »

Author Question: The own price elasticity of Anne's apple pies is 5 . If the aggregate market for apple pies has an ... (Read 186 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
The own price elasticity of Anne's apple pies is 5 . If the aggregate market for apple pies has an own price elasticity of 1.25, Anne's apple pies has an approximate market share of
 a. 6.25
  b. 25
 c. 10
 d. 20

Question 2

What is the best response of firm B, given firm A is charging a low price?
 a. Charge a low price
 b. Charge a high price
 c. Charge zero, give the good away
  d. All of the above


quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jul 1, 2018
Thank you :)


quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Apple Apple
Apple Forests in Kazakhstan Apple Forests in Kazakhstan
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Apple art Apple art
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Deglutition

For a complete list of videos, visit our video library